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Nalezeno "The FATF": 337

New Ukrainian Law Says ‘Virtual Assets’ Can Be Used for Payments

9.12.2019
The Verkhovna Rada, Ukraine’s legislature, has approved amendments that introduce legal terms and definitions pertaining to the crypto space. The new legislation, which aims to transpose the FATF standards into national law, also identifies who is to take responsibility for the oversight...

Ukraine Passes Law on Money Laundering With Crypto Policy Based on FATF

7.12.2019
Ukraine’s parliament approves a final version of a money laundering law that will handle virtual assets and virtual asset service providers per FATF guidelines

A Third of Crypto Exchanges Have Little or No KYC, Says CipherTrace

28.11.2019
Around one third of the top 120 exchanges are "weak" when it comes to know-your-customer (KYC) verification, while two-thirds "lack strong KYC policies," the firm said

South Korean Committee Passes Bill Enforcing FATF Crypto Rules

27.11.2019
South Korea’s national policy committee has passed an amendment establishing a legal framework for cryptocurrencies. It requires crypto exchanges and service providers to register with the country’s financial regulator and comply with the recommendations set by the Financial Action Task...

Another Crypto Exchange is Dropping Privacy Coin Monero Over Compliance Risk

26.11.2019
BitBay exchange is the latest to delist the privacy-focused monero cryptocurrency over AML concerns

Paypal CEO Admits He Owns Bitcoin

21.11.2019
The CEO of Paypal, Daniel Schulman, has revealed in an interview that he personally owns bitcoin. He also talked about Paypal’s plans regarding cryptocurrency, how to achieve mass adoption, and why Paypal decided to leave Facebook’s Libra project. Also read: US to Strictly Enforce...

US to Strictly Enforce Crypto Rules Similar to FATF Guidelines

19.11.2019
The U.S. government will strictly enforce the rules on cryptocurrencies similar to the standards recommended by the Financial Action Task Force (FATF). The Financial Crimes Enforcement Network has reaffirmed that its “Travel” rule applies to cryptocurrencies. Meanwhile, the Federal...

CipherTrace Urges Crypto Companies to Prepare for Anti-Money Laundering Compliance

8.11.2019
How to comply with anti-money laundering regulations while preserving user privacy was a major topic of conversation at this conference

FATF Releases Guidance on Global Digital IDs as Use Cases Grow

4.11.2019
The Financial Action Task Force wants financial institutions to prepare for the global expansion of digital identification systems

Shyft Adds FATF Veterans as Advisors for Its Crypto Compliance Product

29.10.2019
Shyft Network is building a blockchain solution to help crypto exchanges comply with the FATF's "travel rule" guidance

Former FATF Members Join Board of Advisors at Blockchain Company

29.10.2019
Former FATF members join the board of advisors of a blockchain firm that wants to implement solutions to the FATF travel rule for virtual asset service providers

FATF to Include Crypto Brokers in Japan Audit + 8 More Crypto News

28.10.2019
Crypto Briefs is your daily bite-sized digest of cryptocurrency and blockchain-related news – keeping you up-to-date with under the radar crypto news from around the world. Regulation news Sankei Biz reports that the G7’s Financial Action Task Force (FATF) will audit the Japanese financial sector...

Market Update: Crypto Prices Spike Significantly In a Matter of Minutes

25.10.2019
Digital currency markets have seen a strong price spike on Friday, adding billions to the overall market capitalization of the entire cryptoconomy. The surprise upward trend shows a few of the top-performing cryptocurrencies have gained between 10-20% in the last 24 hours. Also read: FATF Starts...

McKinsey: Majority of Banks May Not Be Economically Viable

25.10.2019
Management consulting firm McKinsey & Company has published a global banking review and found that a majority of banks worldwide may not be economically viable. More than half of them still do not generate their cost of equity 10 years after the crisis and may not survive an economic downturn....

FATF’s Regulations to Push Criminals to Privacy Coins: CipherTrace CEO

22.10.2019
FATF crypto regulations will push criminals from Bitcoin and Ether towards privacy coins such as Monero, CipherTrace CEO says

FATF Starts Checking How Well Countries Implement Crypto Standards

21.10.2019
The Financial Action Task Force (FATF) has agreed on how it will assess whether countries have taken the necessary steps to implement the crypto-related requirements. “Given the global nature of the virtual asset industry, it is essential that countries implement these requirements...